A number of firms have modified their ratings and price targets on shares of Wal-Mart Stores (NYSE: WMT) recently:

  • 10/17/2017 – Wal-Mart Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Share price of Walmart has been outperforming the industry on a year-to-date basis, as the company is pushing itself to understand the evolving needs of its customers and expand itself in both brick-and-mortar space as well as e-commerce activities. On one hand, the company is posting positive comps at Walmart U.S. for 12 successive quarters, on the other hand, it is also building its e-commerce capabilities through acquisitions and growing in the online grocery and delivery market. The company therefore expects sales to rise approximately 3% during fiscal 2019, backed by the sustained growth in comps and e-commerce. However, the company still faces headwinds such as unfavorable currency, stiff competition from both brick & mortar and online retailers and huge expenses related to e-commerce investments. Nevertheless, the company makes efforts to offset these headwinds with its initiatives to boost sales.”
  • 10/16/2017 – Wal-Mart Stores had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $99.00 price target on the stock, up previously from $93.00.
  • 10/13/2017 – Wal-Mart Stores was given a new $91.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 10/12/2017 – Wal-Mart Stores had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $91.00 price target on the stock.
  • 10/12/2017 – Wal-Mart Stores was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Share price of Walmart has been outperforming the industry on a year-to-date basis, as the company is pushing itself to understand the evolving needs of its customers and expand itself in both brick-and-mortar space as well as e-commerce activities. On one hand, the company is posting positive comps at Walmart U.S. for 12 successive quarters, on the other hand, it is also building its e-commerce capabilities through acquisitions and growing in the online grocery and delivery market. However, the company still faces headwinds such as unfavorable currency, stiff competition from both brick & mortar and online retailers and huge expenses related to e-commerce investments. Nevertheless, the company makes efforts to offset these headwinds with its initiatives to boost sales. The recent move to consolidate its U.S. operations will simplify its business structure and facilitate communication as well as improve execution.”
  • 10/11/2017 – Wal-Mart Stores had its price target raised by analysts at Jefferies Group LLC from $93.00 to $97.00. They now have a “buy” rating on the stock.
  • 10/11/2017 – Wal-Mart Stores was given a new $100.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 10/11/2017 – Wal-Mart Stores had its price target raised by analysts at Telsey Advisory Group from $88.00 to $92.00. They now have an “outperform” rating on the stock.
  • 10/11/2017 – Wal-Mart Stores had its “underperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $77.00 price target on the stock.
  • 10/11/2017 – Wal-Mart Stores had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $85.00 price target on the stock, up previously from $79.00.
  • 10/10/2017 – Wal-Mart Stores is now covered by analysts at Oppenheimer Holdings, Inc.. They set a “buy” rating and a $90.00 price target on the stock.
  • 10/10/2017 – Wal-Mart Stores was given a new $100.00 price target on by analysts at Bank of America Corporation. They now have a “buy” rating on the stock.
  • 10/6/2017 – Wal-Mart Stores had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $84.00 price target on the stock, up previously from $80.00.
  • 10/3/2017 – Wal-Mart Stores was given a new $87.00 price target on by analysts at Goldman Sachs Group, Inc. (The). They now have a “buy” rating on the stock.
  • 10/3/2017 – Wal-Mart Stores was given a new $90.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 9/19/2017 – Wal-Mart Stores had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $90.00 price target on the stock.
  • 9/18/2017 – Wal-Mart Stores was given a new $77.00 price target on by analysts at Royal Bank Of Canada. They now have a “sell” rating on the stock.
  • 9/17/2017 – Wal-Mart Stores had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $85.00 price target on the stock.
  • 9/14/2017 – Wal-Mart Stores had its “market weight” rating reaffirmed by analysts at BMO Capital Markets.
  • 8/21/2017 – Wal-Mart Stores was given a new $85.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/21/2017 – Wal-Mart Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Walmart’s both earnings and revenues exceeded the Zacks Consensus Estimate in second-quarter fiscal 2018. The company has also raised the lower end of its fiscal 2018 earnings guidance. Notably, share price of Walmart has been outperforming the industry for the last six months. Encouragingly, the company is making efforts to boost sales and remains focused on building its e-Commerce capabilities and foraying into new markets through acquisitions. The company has posted positive comps at Walmart U.S. for 12 successive quarters. Further, the company’s acquisition of four e-Commerce businesses since the Jet.com acquisition is in line with its efforts to grow online activities. However, the company remains concerned due to currency headwinds, decline in international revenues, stiff competition from both brick and mortar and online retailers and huge investments in e-Commerce activities leading to margin pressure.”
  • 8/20/2017 – Wal-Mart Stores had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $84.00 price target on the stock.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 85.98 on Wednesday. The firm has a market capitalization of $256.84 billion, a P/E ratio of 20.66 and a beta of 0.29. The stock has a 50 day moving average of $80.08 and a 200-day moving average of $77.67. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $86.95.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. During the same period in the prior year, the firm earned $1.07 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.

In other news, major shareholder Alice L. Walton sold 2,000,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $536,309,652.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 129,628 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at $269,068,260.64. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last three months. Insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

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